US Dollar news

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As a symbol of how the US punches above its weight, nothing beats the pre-eminence of its currency. The US may account for just a fifth of global gross domestic product, but dollar assets make up three times as great a proportion of global reserves.

The sharp rise in the US dollar may slice more than $100bn off dollar-denominated revenues at some of America's largest multinationals this year, a sum larger than the sales of Nike, McDonald's and Goldman Sachs combined, according to a Financial Times ...

"As the dollar strengthens, the rupee would trend downwards. Frankly, the fundamentals in fact had warranted the rupee to depreciate quite a bit, because our inflation differentials are still quite substantial.

... particularly if it is bolstered by an upside revision on July's University of Michigan Consumer Confidence gauge - stands to reinforce bets on an on-coming Fed interest rate hike following this week's hawkish shift in FOMC rhetoric, boosting the US ...

July 31 Speculators raised their bullish positions on the U.S. dollar a tad earlier this week ahead of the Federal Reserve's policy statement, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.